Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-27
ON WALL STREET.
More Strength Exhibited in the Cotton
Markets Than for Year Past.
4 General Rise.
Stocks CLOSE at the Best Prices of the Day.
Changes in Railway Bonds Equally Di-
yided Between Gains and Losses
COMMERCIAL RESUME.

COMMERCIAL RESUME.
Special to the Gazette.
NEW YORK, March 26-Railway bonds
to- day sold as follows: Fort Worth and
Denver City at OPS; Texas and Pacific
consols at 100; Rios at IA; st. Louis,
Arkansas and Texas 1'sat 1908; do rs at
| 523: Kansas and Texas SIS at 81; rs a.
Ill; Houston and Texas Central at 70.
Money at 3@5 per cent.
Governments higher.
Sterling dull.
Oil closed a. $50.
Cotton points higher.
Coffee advanced 10 points.
Wheat fra.
ABOOM IN COT ON.
S yecial to the Gazette.
GALVESTON, TEX, March % THE cot
ton markets of the country inhibited
marked activity to-day, recording ma
terial advances at all the leading points.
| Liverpool opened the ball by responding
to yesterdays American advances, her
future market closing firm, points
above Fridays close. This marked i'm
prOvement, coupled with the fact that
certain heavy bull opera tors at New York
and New Orleans were accepting all teu-
| ders for April delivery, had 3 decidedly
stimulating effect upon the American
markets. New York futures opened )
points higher than ye-terday, ruled firm
during the entire session, closing strong,
with leading options Ig points higher
and sales unusually heavy for Saturday
New Orleans equaled New York in activity
and gains. The undertOne at the close
tonight is stronger than has been eXhi5-
tied tor fully a ytar past, the spot mar
ket giving every indication that the adj
vance is permanent one. No less than
five important markets record an ad-
vance of cent for spots to-day, namely,
New York, New Orleans, Galveston, Nor
folk aud Augusta, while three markets,
Mobile, Philadelphia and St. Louis, ad-
vanCed 1-l6. Thirteen leading markets
are officially quoted as "frm" for spots
at to-day's csloe, with two quoted
"5teady." These figures are significant
to the cOttO n trade.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, March 2G.-The general
impression created during the past two
dsys that the bank statement today
would be a particularly unfavorabIe one
had the effect of deUerring would be pur-
chasers yesterday and this morning, and
though the usual firm undertOne existed,
the stock market to-day lacked character
until the issue of the bank statement.
The statement, however, was an agree
able surprise to the street, and the fact
that the banks had succeeded in contract
ing their loans without increasing the rates
for money, and had met the call for
funds from the west without materially
diminishing the surplus reserve created
en- immediate revulsiOn of feeling, and
leaders and traders Immediately began to
buy. The opening was fairly steady,
showing insignificant changes only from
last evenings tiI8I figures, and in the
waiting disposition among traders trans
actions were dull and prices somewhat If
regular, with NJ positive move
mont in either direction Toward noon
the dulIness Increased, the only feature
being s drop IN San Francisco preferred
After that, however, the entire market
spfGng into activity. ell the leading shares,
among which Western Union ana
Louisville and Nashville were conspicu-
ouss becoming decidedly strong. There
vas g halt In the movement toward p.
m, and Il slight reaction, ont the upward
movement was again renewed in the last
hour. Ghe close was moderately active /
ana tirIp TO strong ~ the best prices Of
the day.
Railroad bonds were less actiye The /
prices show very little movement, and the |
final changes are about equally divided /
between gains and losses.
Government bonds dull and firm.